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2020-12-31-accounts

The Charity Registration Number is :- 1067759

The Sephardi Congregation of South Manchester

Report and Accounts

31 December 2020

The Sephardi Congregation of South Manchester

Report and accounts for the year ended 31 December 2020

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of trustees' responsibilities 6
Independent auditor's report 7
Funds Statements:-
Statement of Financial Activities 10
Statement of Financial Activities - Prior Year statement 11
Statement of total recognised gains and losses 12
Movements in funds 12
Income and Expenditure account 13
Balance sheet 14
Notes to the accounts 16

The Sephardi Congregation of South Manchester

Trustees' Annual Report for the year ended 31 December 2020

The Trustees present their Report and Accounts for the year ended 31 December 2020.

Reference and administrative details

The charity name.

The legal name of the charity is:- The Sephardi Congregation of South Manchester.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1067759.

Legal structure of the charity

The governing document of the charity is the Ascamot adopted 20th May 2007 as amended 16th May 2010 and 13th December 2015.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

24 Wicker Lane Hale Barns, WA15 0HQ Telephone 0161 980 1877 Email Address shaarehayim@clara.co.uk

The Trustees in office on the date the report was approved were:-

Anthony Leon Daniel Betesh David Peppi Anthony M Sultan Reuben Solomon Victor Hassan Jonathan Shasha Stephen Blank Joe Dwek CBE Judge Clement Goldstone QC

1

The Sephardi Congregation of South Manchester

Trustees' Annual Report for the year ended 31 December 2020

The following persons served on the Council during the year ended 31 December 2020: -

Appointed,
Name Position Resigned/Retired
Richard Simon Chairman
Stephen Elias Treasurer
Rosalyn Farshi Hon Secretary
Jonathan Shasha
Reuben Solomon
Anthony M Sultan Resigned 17 May 2020
Jonathan Dwek
Tracey Kingsley
Mark Benson
Ben Whiteman Appointed 11 January 2021

The following persons served on the Presidents Committee during the year ended 31 December 2020: -

Appointed,
Name Position Resigned/Retired
Mike Khodadad President
Rosalyn Farshi Hon Secretary
Victor Hassan
Reuben Solomon
Helena Bower
Shelley Wagon
Howard Sherington
Igal Farshi
Ladan Nosrati
Richard Simon Council Chairman

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The principal activity and objectives and activity of the Congregation are to facilitate Jewish Worship in the Sephardi tradition and rituals and other congregational educational and charitable purposes.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The main achievements and performance of the charity during the year.

Following Rabbi Shlomo Ellituv's retirement we are pleased to note that Rabbi Gabriel Kada was appointed to officiate and conduct services at Queenston Road.

Covid 19 has provided a huge challenge to all places of worship. Your Trustees believe that under the able leadership of Rabbi Amir Ellituv and our Executive that the Congregation has continued to provide strong religious and pastoral support to our members within the limitations of government guidelines.

2

The Sephardi Congregation of South Manchester

Trustees' Annual Report for the year ended 31 December 2020

Real Estate

Our real estate at Wicker Lane, Hale Barns continues to generate an income stream for the Congregation. Two of the three dwellings on the Wicker Lane site are rented out.

The Congregation completed the sale of 6 Queenston Road at a price of £847,500 less costs (this compares with a revalued book figure at 31/12/2019 of £825,000). The proceeds of the sale have been used to pay down part of the Safra Foundation loan.

Further to the resolution passed at the EGM on 8th July 2018, Savills have been appointed as agent to invite plans from experienced developers for the development of the Didsbury site as a whole to include the creation or retention of synagogue facilities. Savills have commenced the marketing of the site and we will be reporting the Congregation once proposals are received and reviewed.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The appointment of the original Trustees occurred on the amalgamation of the two original congregations. Trustees are appointed in accordance with the Trust Deed which provides that there shall be at least four Trustees and a maximum of twelve Trustees who shall be appointed by a resolution of the members of the Congregation passed at a general meeting in accordance with the Ascamot. No procedure for nomination of Trustees is prescribed although new Trustees should be members for at least five years and have served at least two years on the Mahamad. In practice new Trustees have been proposed by the existing Trustees. The only specific restriction imposed by the governing document is that the Trustees shall not dispose of or purchase any land or buildings unless authorised by a resolution of the members of the Congregation.

The charity's organisational structure.

The Congregation has a two-tier decision making process. The duties or the Council are set out in the Ascamot which was adopted (replacing the previous Ascamot) at an Extraordinary General Meeting of the Congregation held on 20th May 2007 and subsequently amended at an Extraordinary General Meeting of the Congregation held on 16th May 2010 and a subsequent meeting held on 13th December 2015. The Council manages the day to day functions of the Congregation. The Council has responsibility for the business affairs, management and administration of the Congregation. The President's Committee is responsible for religious, cultural and social functions of the Congregation and for all its rituals and ceremonies. The Honorary Officers and President's Committee, and from 2009, half the Council are appointed annually by the Congregation. The assets of the Congregation are vested in the Trustees, who are appointed by the Congregation.

At the Council Meeting held on 20th June 2016, the Council unanimously adopted a formalised modus operandi for the operation of the Yom Kippur Appeal, in order that the Congregation should have greater visibility of the application of funds raised by the Appeal and in accordance with the principles of sound governance.

The donations for this year are listed in note 30 to the accounts.

3

The Sephardi Congregation of South Manchester

Trustees' Annual Report for the year ended 31 December 2020

The charity's relationships with related parties.

The Congregation is directly related to the Keren Hatorah Trust, charity number 519517 and the Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews, charity number 500074.

Bankers NatWest plc, PO Box 305, Spring Gardens, Manchester, M60 2DB Lloyds TSB plc, 53 King Street, Manchester, M2 4LQ

Financial review

The charity's financial position at the end of the year ended 31 December 2020

The financial position of the charity at 31 December 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Revenue Funds
Total Funds
Net income
Unrestricted Revenue Funds available for the
general purposes of the charity		 2020
£
118,672
4,053,642
1,456,710
5,510,352		 2019
£
51,537
3,965,327
1,426,353
5,391,680

Financial review of the position at the reporting date, 31 December 2020 .

The surplus for the year on the unrestricted funds was £88,315. The combined net movement in funds was a surplus of £118,672. The Congregation remains reliant on unrestricted income from annual subscriptions and voluntary offerings, which amounted to £190,105 (net of bad debts) and donations, legacies and other income which total £125,346.

Policies on reserves.

The Congregation aims to hold reserves sufficient to ensure that it is a going concern. Specifically, the Council aims to maintain cash reserves in unrestricted funds at a level which equates to at least three months of expenditure. At the 31 December 2020, the Congregation held £142,497 in cash reserves.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Investment policy and investment objectives.

The Trustees may invest the funds in any manner in accordance with the prevailing law in connection with the investment of trust funds. The Council, so enabled by the Trustees, makes all significant investment decisions. All significant cash spend decisions are made by the Council or by the Congregation as required by the Ascamot.

4

The Sephardi Congregation of South Manchester

Trustees' Annual Report for the year ended 31 December 2020

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The Council and Trustees of the Congregation have considered the major risks to which the Congregation is exposed and have reviewed those risks and established systems and procedures to manage those risks. The Trustees do not perceive that the Congregation is vulnerable to any major risks in view of its current financial position.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

Plans for future periods

Notwithstanding any decision on the future location of services, the Trustees (and Council) are committed to ensuring that there are services available to our members in the Didsbury area, for as long as there is such a requirement and subject to such services being supported by a Minyan. The commitment remains in place up to at least 31 December 2021.

Current Year

The current year has been difficult in the sense that we have had to deal with Covid and the various Lockdowns. We have endeavoured to hold services by Zoom throughout the year where access to the Synagogues was not possible.

We are grateful to both Rabbi Amir and Rabbi Gabriel for their efforts in trying to keep the Congregation together and to Rabbi Amir for the many Zoom Evenings that he arranged for the interest of Congregants.

As we write, we look as though we may return to some form of normality in the second half of 2021.

Thanks, finally to all those people who have helped with Security in both locations which is so vitally important and here mention should be made of Ben Whiteman, Jack Shalom and Peter Hunter.

Details of The Auditor

Langer & Co 8-10 Gatley Road Cheadle Cheshire SK8 1PY

Statement as to disclosure of information to auditors

The trustees state that so far as each of the trustees at the time this report was approved are aware:a) There is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the auditors are unaware, and

b) The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and establish that the auditors are aware of that information.

5

The Sephardi Congregation of South Manchester

Trustees' Annual Report for the year ended 31 December 2020

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the auditor in relation to the Trustees' report is limited to examining the report and ensuring that , the report is consistent with the figures disclosed in the financial statements.

5 May 2021

This report was approved by the board of trustees on …............................

…........................... Anthony Leon Chairman of the Trustees

…........................... Richard Simon Chairman of Council

6

The Sephardi Congregation of South Manchester

Independent auditors' report to the trustees of The Sephardi Congregation of South Manchester

Opinion

We have audited the financial statements of The Sephardi Congregation of South Manchester for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

7

The Sephardi Congregation of South Manchester

Independent auditors' report to the trustees of The Sephardi Congregation of South Manchester

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 6, the trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditors under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in. The key laws and regulations we considered in this context included the Charities Act 2011 and FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

8

The Sephardi Congregation of South Manchester

Independent auditors' report to the trustees of The Sephardi Congregation of South Manchester

Audit response to risks identified

As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or noncompliance with laws and regulations.

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

5 May 2021

…........................... …........................... Langer & Co Date Chartered Accountant and 8-10 Gatley Road Statutory Auditor Cheadle Cheshire SK8 1PY

Langer & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006

9

The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2020

Statement of Financial Activities for the year ended 31 December 2020

Current year
Unrestricted
Funds
2020
£
Income & Endowments from:
Donations & Legacies
23
A1
329,857
Charitable activities
24
A2
27,680
Other trading activities
26
A3
-
Investments
27
A4
23,454
Other
28
A5
18,238
Total income
A
399,229
Expenditure on:
Raising funds
B1
20
Charitable activities
33
B2
310,894
Total expenditure
B
310,914
6
B4
-
Net income for the year
88,315
Net income after transfers
A-B-C
88,315
Net movement in funds
88,315
Reconciliation of funds:-
E
Total funds brought forward
3,965,327
Total funds carried forward
4,053,642
Net gains/(losses) on
investments
Notes SORP
Ref		 Current year
Restricted
Funds
2020
£
40,784
-
-
307
-
41,091
-
10,488
10,488
(246)
30,357
30,357
30,357
1,426,353
1,456,710		 Current year
Total Funds
2020
£
370,641
27,680
-
23,761
18,238
440,320
20
321,382
321,402
(246)
118,672
118,672
118,672
5,391,680
5,510,352		 Prior Year
Total Funds
2019
£
351,988
50,880
92
26,217
-
429,177
-
377,636
377,636
(4)
51,537
51,537
51,537
5,340,143
5,391,680

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All activities derive from continuing operations

The notes attached on pages 16 to 31 form an integral part of these accounts.

10

The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2020

The Sephardi Congregation of South Manchester - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Total expenditure
B
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Net movement in funds
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
SORP
Ref
Net gains/(losses) on
investments		 Prior Year
Unrestricted
Funds
2019
£
274,054
50,880
92
25,786
-
350,812
-
352,626
352,626
-
(1,814)
-
(1,814)
(1,814)
3,967,140
3,965,326

 Prior Year
Restricted
Funds
2019
£
77,933
-
-
431
-
78,364
-
25,010
25,010
(4)
53,350
-
53,350
53,350
1,373,003
1,426,353		 Prior Year
Total Funds
2019
£
351,988
50,880
92
26,217
-
429,177
-
377,636
377,636
(4)
51,537
-
51,537
51,537
5,340,143
5,391,680

All activities derive from continuing operations

A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement

The notes attached on pages 16 to 31 form an integral part of these accounts.

11

The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2020

Statement of Total Recognised Gains and Losses for the year ended 31 December 2020

2020
2019
£
£
Surplus for the year :-
Net excess of income over expenditure from operations before tax
100,680
51,541
Realised net gains/(losses)
18,238
-
118,918
51,541
Add/(deduct) non income and expenditure items:-
Unrealised gains/(losses) on investments
(246)
(4)
Net Movement in funds before taxation
118,672
51,537
118,672
51,537
2020
2019
£
£
Funds generated in the year as detailed in the SOFA
118,672
51,537
Resources applied on functional fixed assets
(1,530)
-
Net resources available to fund charitable activities
117,142
51,537
The Sephardi Congregation of South Manchester - Resources applied in the year ended 31 December
2020 towards fixed assets for Charity use:-
Income from operations before tax in the Statement of Financial
Activites
Funds generated in the year as shown on Statement of Financial
Activities		 2020
£
100,680
18,238
118,918
(246)
118,672
118,672		 2019
£
51,541
-
51,541
(4)
51,537
51,537
51,537

Movements in revenue and capital funds for the year ended 31 December 2020

Revenue accumulated funds

Unrestricted
Restricted
Funds
Funds
2020
2020
£
£
Accumulated funds brought forward
3,965,327
1,426,353
88,315
30,357
4,053,642
1,456,710
Closing revenue funds
4,053,642
1,456,710
Summary of funds
Unrestricted
Restricted
and
Funds
Designated funds
2020
2020
£
£
Revenue accumulated funds
4,053,642
1,456,710
Recognised gains and losses
before transfers		 Total
Funds
2020
£
5,391,680
118,672
5,510,352
5,510,352
Total
Funds
2020
£
5,510,352		 Last year
Total Funds
2019
£
5,340,143
51,537
5,391,680
5,391,680
Last Year
Total Funds
2019
£
5,391,680

The notes attached on pages 16 to 31 form an integral part of these accounts.

12

The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2020

The Sephardi Congregation of South Manchester

Income and Expenditure Account for the year ended 31 December 2020 as required by the Companies Act 2006

Income
Income from operations
Income from investments, other than interest receivable
Interest receivable
Gross income in the year before exceptional items
Exceptional items:
Realised gains and losses disposal of property
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Total expenditure in the year
Net income before tax in the financial year
Tax on surplus on ordinary activities
Net income after tax in the financial year
Retained surplus for the financial year
Investment income		 2020
£
398,320
23,664
98
422,082
18,238
440,320
314,855
1,607
20
4,920
321,402
118,918
-
118,918
118,918		 2019
£
402,960
26,019
198
429,177
-
429,177
369,159
3,557
-
4,920
377,636
51,541
-
51,541
51,541

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 16 to 31 form an integral part of these accounts.

13

The Sephardi Congregation of South Manchester - Balance Sheet as at 31 December 2020

Notes
SORP
Ref
2020
2019
£
£
Fixed assets
A
Tangible assets
11
A2
5,687,484
5,687,561
Investments held as fixed assets
12
A4
960,717
1,785,963
Total fixed assets
6,648,201
7,473,524
Current assets
B
Debtors
13
B2
103,167
95,841
Cash at bank and in hand
B4
142,497
91,278
Total current assets
245,664
187,119
Creditors: amounts falling due within
one year
14
C1
(983,513)
(1,268,963)
Net current assets
(737,849)
(1,081,844)
5,910,352
6,391,680
Creditors: amounts falling due after more
than one year
15
C2
(400,000)
(1,000,000)
The total net assets of the charity
5,510,352
5,391,680
Restricted funds
Restricted Revenue Funds
19
D2
1,456,710
1,426,353
1,456,710
1,426,353
Unrestricted Funds
Unrestricted Revenue Funds
19
D3
4,053,642
3,965,327
4,053,642
3,965,327
Total charity funds
5,510,352
5,391,680
The total net assets of the charity are funded by the funds of the charity, as follows:-
Net assets		 95,841
91,278		 2019
£
5,687,561
1,785,963
6,391,680
(1,000,000)
5,391,680
1,426,353
3,965,327
5,391,680

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 9.

14

The Sephardi Congregation of South Manchester - Balance Sheet as at 31 December 2020

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

…........................... …........................... Anthony Leon Richard Simon Chairman of the Trustees Chairman of Council Approved by the board of trustees on …...........................5 May 2021

The notes attached on pages 16 to 31 form an integral part of these accounts.

15

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities SORP(FRS102), as amended by Update Bulletin 1.

The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and SI 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to Charities SORP (FRS102) in accordance with Reg.8(4)(d) of SI 2008/629, the charity trustees have departed from the requirement of Reg.8(5) by following Charities SORP (FRS102) instead of Charities SORP (FRSSE) to the extent necessary to give a true and fair view in the circumstances.

Going Concern

The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.

Risks and future assumptions

The charity constitutes a public benefit entity as defined by FRS102.

The charity is an unincorporated trust registered in England. The principal address of the charity is 24 Wicker Lane, Hale Barns, WA15 0HQ.

Policies relating to categories of income and income recognition.

Nature of income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

Income from investments is included in the year in which it is receivable.

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified.

16

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.

Policies relating to assets, liabilities and provisions and other matters.

Fixed Asset Investments

Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises 0 % straight line Plant, machinery, fixtures and fittings 33 & 15 % straight line

Financial instruments including cash and bank balances

The Congregation has basic financial instruments and a concessionary loan. These are initially recognised at transaction value and subsequently measured at their settlement value.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

There are no designated funds.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

17

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020 3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

The Congregation has a concessionary loan from the Safra Foundation. The loan is interest free. The loan outstanding at 31 December 2020 is £400,000 and is repayable in a single instalment on 31 May 2026. If repayment is not made on time the loan converts to an investment and a profit not exceeding 5% shall accrue.

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
2020 2019
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 1,607 3,557
Pension costs 1,236 1,185
Auditors' remuneration 4,920 4,920
Current year
Current Year
Unrestricted
Funds
2020
£
Unrealised gains /(losses) and writing down of carrying values
Listed investments - Unrealised
-
Other Unlisted Investments - Unrealised
-
Investment properties - Unrealised
-
Total unrealised gains/(losses) etc
-
Total realised and unrealised gains
-
Prior year
Prior Year
Unrestricted
Funds
2019
£
Unrealised gains /(losses) and writing down of carrying values
Listed investments - Unrealised
-
Other Unlisted Investments - Unrealised
-
Investment properties - Unrealised
-
Total unrealised gains/(losses) etc
-
Total realised and unrealised gains
-		 Current year
Current Year
Unrestricted
Funds
2020
£
Unrealised gains /(losses) and writing down of carrying values
Listed investments - Unrealised
-
Other Unlisted Investments - Unrealised
-
Investment properties - Unrealised
-
Total unrealised gains/(losses) etc
-
Total realised and unrealised gains
-
Prior year
Prior Year
Unrestricted
Funds
2019
£
Unrealised gains /(losses) and writing down of carrying values
Listed investments - Unrealised
-
Other Unlisted Investments - Unrealised
-
Investment properties - Unrealised
-
Total unrealised gains/(losses) etc
-
Total realised and unrealised gains
-		 Current year
Restricted
Funds
2020
£
(361)
115
-		 Current year
Total Funds
2020
£
(361)
115
-		 Prior Year
Total Funds
2019
£
(158)
154
-
- (246) (246) (4)
- (246) (246) (4)
Prior Year
Restricted
Funds
2019
£
(158)
154
-		 Prior Year
Total Funds
2019
£
(158)
154
-
- (4) (4)
- (4) (4)

18

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

7 Staff costs and emoluments

Salary costs
2020
£
116,472
Employer's National Insurance for all staff
1,595
1,236
Total salaries, wages and related costs
119,303
Numbers of full time employees or full time equivalents
2020
The average number of total staff employed in the year was
6
The estimated full time equivalent number of all staff employed in the year was
6
The estimated equivalent number of full time staff deployed in different activities in the year was:-
Engaged on charitable activities
6
The estimated full time equivalent number of all staff employed as above
6
Gross Salaries and Self Employment excluding trustees and key management personnel
Employer's operating costs of defined contribution pension schemes		 2020
£
116,472
1,595
1,236		 2019
£
107,415
4,824
1,185
119,303 113,424
2020
6		 2019
7
5
5
6 5

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

8 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

9 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

10 Deferred income - Unrestricted and Designated funds

Current Year
General Fund
Total
These deferrals are included in creditors
Prior Year
General Fund
Total
These deferrals are included in creditors		 Opening
Deferrals
£
80,675		 Released
from prior
years
£
80,675		 Received
less released
in year
£
83,886		 Deferred
at year end
£
83,886
80,675 80,675 83,886 83,886
Opening
Deferrals
£
78,847		 Released
from prior
years
£
78,847		 2020
£
83,886		 2019
£
80,675
Received
less released
in year
£
80,675		 Deferred
at year end
£
80,675
78,847 78,847 80,675 80,675
2019
£
80,675		 2018
£
78,847

The deferrals included in creditors are in respect of annual membership subscriptions and for events that do not take place before the year end.

19

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

11 Tangible fixed assets

Current Year
Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019
Prior Year
Cost
01 January 2019
01 January 2020
Depreciation
01 January 2019
Charge for the year
01 January 2020
Net book value
01 January 2020
01 January 2019
12 Investments held as fixed assets
Carrying values of investments
At 1 January 2020
Revaluation at 31 December 2020
Disposals
At 31 December 2020
Analysis between fair value and historical cost
Investments as above held at fair value		 Land and
Buildings
£
5,683,772
1,530		 Plant &
Machinery
£
40,737
-		 Other
Classes of
Investment
£
1,784,964
115
(825,000)		 Total
£
5,724,509
1,530
5,685,302 40,737 5,726,039
-
-		 36,948
1,607		 36,948
1,607
- 38,555 38,555
5,685,302 2,182 5,687,484
5,683,772 3,789 5,687,561
Land and
Buildings
£
5,683,772		 Plant &
Machinery
£
40,737		 Total
£
5,724,509
5,683,772 40,737 5,724,509
-
-		 33,391
3,557		 33,391
3,557
- 36,948 36,948
5,683,772 3,789 5,687,561
5,683,772 7,346 5,691,118
Listed
investments
£
999
(361)
-		 Total
£
1,785,963
(246)
(825,000)
638 960,079 960,717
638 960,079 960,717

20

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

Analysis of Other Classes of Investment

Investment properties
At 1 January 2020
Disposals
At 31 December 2020
Other investments
At 1 January 2020
Revaluation at 31 December 2020
At 31 December 2020
Summary of other classes of investments at 31 December 2020
Investment properties
Other investments
13 Debtors
Trade debtors
Prepayments and accrued income
Other debtors
14 Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
15 Creditors: amounts falling due after one year
Loans and overdrafts
The investment properties has been valued at open market value by the treasurer.		 Included at
fair value
£
1,775,000
(825,000)		 Total
£
1,775,000
(825,000)
950,000 950,000
9,810
154		 9,810
154
9,964 9,964
950,000
9,964		 950,000
9,964
960,079 960,079
2020
£
84,572
16,745
1,850		 2019
£
72,500
20,091
3,250
103,167 95,841
2020
£
-
690,399
206,959
83,886
-
2,269		 2019
£
300,000
686,435
199,634
80,675
-
2,219
983,513 1,268,963
2020
£
400,000		 2019
£
1,000,000
400,000 1,000,000

21

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020 16 Concessionary loans

Loans made and owing to the charity included in debtors

Aggregate amount of concessionary loans due within one year
Aggregate amount of concessionary loans due after more than one year
Total		 2020
£
-
400,000		 2019
£
300,000
1,000,000
400,000 1,300,000

The Congregation has a concessionary loan from the Safra Foundation. The loan is interest free. The loan outstanding at 31 December 2020 is £400,000 and is repayable in a single instalment on 31 May 2026. If repayment is not made on time the loan converts to an investment and a profit not exceeding 5% shall accrue.

17 Related party transactions

The Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews During the period the Congregation received a donation of £56,740 (31 December 2019 £30,200) for the General Fund from The Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews, charity number 500074, a trust it is associated with through a common trustee and whose trustees are appointed by the Congregation jointly with The Manchester Congregation of Spanish and Portuguese Jews (Shaare Tefillah).

Higham Construction Limited

The Congregation paid Higham Construction Limited, company number 03179347 and of which a council member is a director and shareholder, payments totalling £3,206 in respect of the works on the new synagogue and maintenance at the congregations' properties (31 December 2019 £5,773). At 31 December 2020 £183,821 was accrued (31 December 2019 £182,809) and £670,313 was within trade creditors (31 December 2019 £670,378).

18 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2020
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
Long Term Liabilities
At 1 January 2020
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
1,362,732
950,000
1,873,685
(132,775)
-		 Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
4,324,752
10,717
(1,628,021)
(850,738)
(400,000)		 Total
Funds
£
5,687,484
960,717
245,664
(983,513)
(400,000)
4,053,642 - 1,456,710 5,510,352
Unrestricted
funds
£
1,362,809
1,775,000
945,743
(118,225)
-		 Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
4,324,752
10,963
(758,624)
(1,150,738)
(1,000,000)		 Total
Funds
£
5,687,561
1,785,963
187,119
(1,268,963)
(1,000,000)
3,965,327 - 1,426,353 5,391,680

22

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

19 Change in total funds over the year as shown in Note 18 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Restricted funds:-
Yom Kippur Appeal
Shaare Rahamin Charitable Trust
Webber Fund
Hale Synagogue Building Fund
Pre Barmitzvah Haftorah
Esther Ellituv Prize Fund
Total restricted funds
Total charity funds		 Funds
brought
forward from
2019
£
3,965,327		 Movement in
funds in
2020
See Note 20
£
88,315		 Transfers
between
funds in
2020
£
-		 Funds
carried
forward to
2021
£
4,053,642
3,965,327 88,315 - 4,053,642
29,631
19,919
11,081
1,361,299
1,173
3,250		 5,282
(306)
356
25,000
25
-		 -
-
-
-
-
-		 34,913
19,613
11,437
1,386,299
1,198
3,250
1,426,353 30,357 - 1,456,710
5,391,680 118,672 - 5,510,352

20 Analysis of movements in funds over the year as shown in Note 19

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Restricted funds:-
Yom Kippur Appeal
Shaare Rahamin Charitable Trust
Webber Fund
Hale Synagogue Building Fund
Pre Barmitzvah Haftorah		 Income
2020
£
399,229
15,795
55
241
25,000
-		 Expenditure
2020
£
(310,914)
(10,513)
-
-
-
25		 Other
Gains &
Losses
2020
£
-
-
(361)
115
-
-		 Movement
in funds
2020
£
88,315
5,282
(306)
356
25,000
25
440,320 (321,402) (246) 118,672

Gains and losses are detailed in note 6

23

The Sephardi Congregation of South Manchester

Notes to the Accounts for the year ended 31 December 2020

21 The purposes for which the funds as detailed in note 19 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted and designated funds:-
Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to
provide reserves for future activities, and , subject to charity legislation, are
free from all restrictions on their use.
Restricted funds:-
Yom Kippur Appeal The monies collected at Yom Kippur which are held on trust for onward
donation do not form part of the congregation's general fund.
Shaare Rahamin Charitable Trust To make loans to poor or necessitous Jews, to make grants to poor or
necessitous Jews on apprenticeship to any trade, profession or honourable
vocation to enable them to qualify or on marriage of for such other purposes
the trustees think proper and for any other charitable purposes in such
manner and on such terms as the trustees in their absolute discretion think
proper provided always that a preference is given to the members of the
Withington Congregation of Spanish and Portuguese Jews and their
families.
Webber Fund In 1984 the Webber family made a donation of £5,000 to The Withington
Congregation of Spanish and Portuguese Jews in memory of the late Mr.
Alfred D. Webber. The sum was to be invested, and the income was to be
used for the purchase of bar- and bat- mitzvah presentations. The term of
endowment came to an end in January 2006 and a transfer from
endowment funds to restricted funds was made to reflect this.
Hale Synagogue Building Fund To be used for building the new synagogue in Hale.
Pre Barmitzvah Haftorah Fund established from donations received from Rabbi Levy and the
Rabbincal Council. A gift of £25 to be paid to all boys who read the haftorah
before their barmitzvah.
Esther Ellituv Prize Fund Fund established on receipt of a legacy.

22 Ultimate controlling party

The charity is under the control of its legal members.

24

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

23
Donations, Grants and Legacies
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£
Donations and gifts from individuals
26,935
15,784
33,250
25,000
60,185
40,784
Donations and gifts from individuals (Include HMRC refunds on gift aided donations)
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2019
2019
£
£
Prior year
40,592
77,933
Legacies receivable
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£
-
-
-
-
-
-
All legacies in prior year were unrestricted
Legacies receivable - Prior Year analysis
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2019
2019
£
£
Prior year
5,200
-
Revenue grants from government and public bodies
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£
14,406
-
14,406
-
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£
1,100
-
56,740
-
7,321
-
65,161
-
Total public sector revenue grants
Board of Elders
Small grants individually less than £1000
Total private sector revenue grants
CST
Legacies over £1000
Total donations and gifts from
individuals
Small legacies individually less than £1000
Furlough
Small donations individually less than £1000
Donations over £1000
Revenue grants and donations from non public bodies
Total legacies receivable		 Current year
Unrestricted
Funds
2020
£
26,935
33,250		 Current year
Restricted
Funds
2020
£
15,784
25,000		 Current year
Prior Year
Total Funds
Total Funds
2020
2019
£
£
42,719
63,525
58,250
55,000
100,969
118,525
- Prior Year analysis
Prior Year
Total Funds
2019
£
118,525
Current year
Prior Year
Total Funds
Total Funds
2020
2019
£
£
-
700
-
4,500
-
5,200
Prior Year
Total Funds
2019
£
5,200
Current year
Prior Year
Total Funds
Total Funds
2020
2019
£
£
14,406
-
14,406
-
Current year
Prior Year
Total Funds
Total Funds
2020
2019
£
£
1,100
1,100
56,740
30,200
7,321
6,644
65,161
37,944		 Prior Year
Total Funds
2019
£
63,525
55,000
60,185 40,784 118,525
Current year
Unrestricted
Funds
2020
£
-
-		 Current year
Restricted
Funds
2020
£
-
-
- - 5,200
Prior Year
Unrestricted
Funds
2019
£
5,200		 Prior Year
Restricted
Funds
2019
£
-		 Prior Year
Total Funds
2019
£
-
Current year
Unrestricted
Funds
2020
£
14,406		 Current year
Restricted
Funds
2020
£
-
14,406 - -
Current year
Unrestricted
Funds
2020
£
1,100
56,740
7,321
 Current year
Restricted
Funds
2020
£
-
-
-		 Prior Year
Total Funds
2019
£
1,100
30,200
6,644
65,161 - 37,944

All private sector revenue grants in prior year were unrestricted

25

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

Membership subscriptions as donations

Membership subscriptions as donations
All membership subscriptions as donations in prior year wer
Total Donations, Grants and
Legacies
A1
Prior year
Total Donations, Grants and
Legacies
A1
Income from charitable activities - Trading Activities
Current year
Primary purpose and ancillary trading
Membership subscriptions as donations
Hale Minyan Contribution
Report Patronage
Special Events
Purim
Wedding Fees
Barmitzvah Lessons
Prayer Books
Ladies Guild
Hire of Hall
Total Primary purpose and ancillary trading		 Current year
Unrestricted
Funds
2020
£
190,105		 Current year
Restricted
Funds
2020
£
-		 Current year
Total Funds
2020
£
190,105
370,641
Prior Year
Total Funds
2019
£
351,987
Current year
Total Funds
2020
£
200
-
750
7,226
2,750
13,465
1,244
-
2,045
27,680		 Prior Year
Total Funds
2019
£
190,318
e unrestricted
329,857 40,784 351,987
Unrestricted
Funds
2019
£		 Restricted
Funds
2019
£		 Prior Year
Total funds
2019
£
725
217
2,000
24,421
6,078
3,803
10,996
840
1,800
274,054 77,933
Current year
Unrestricted
Funds
2020
£
200
-
750
7,226
2,750
13,465
1,244
-
2,045		 Current year
Restricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
27,680 - 50,880

24 Income from charitable activities - Trading Activities

All primary purpose and ancilliary trading in prior year were unrestricted

25 Total Income from charitable activities

Current year
Total income from charitable trading
Total from charitable activities
A2		 Current year
Unrestricted
Funds
2020
£
27,680		 Current year
Restricted
Funds
2020
£
-		 Current year
Total Funds
2020
£
27,680
27,680		 Prior Year
Total Funds
2019
£
50,880
27,680 - 50,880

26

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

26 Income from other, non charitable, trading activities

Total from other activities
A3
Basil Jeuda
Mellman Cook Book		 Current year
Unrestricted
Funds
2020
£
-
-		 Current year
Restricted
Funds
2020
£
-
-		 Current year
Total Funds
2020
£
-
-
-		 Prior Year
Total Funds
2019
£
82
10
- - 92

All income from other, non charitable, tradings activities in prior year was unrestricted

27 Investment income

Property Rental Income
Dividend Income
Bank Interest Receivable
Non Bank interest receivable
Charibond Income
Keren Hatorah Income
Total investment income
A4
Investment income - Prior Year analysis
Prior Year
28 Other income and gains
Current year
Summary of Realised Gains
Total other income
A5
Realised gains and losses disposal of
property		 Current year
Unrestricted
Funds
2020
£
22,700
-
49
-
-
705		 Current year
Restricted
Funds
2020
£
-
18
48
-
241
-		 Current year
Total Funds
2020
£
22,700
18
98
-
241
705
23,762
Total Funds
26,217
Current year
Total Funds
2020
£
18,238
18,238		 Prior Year
Total Funds
2019
£
25,000
89
198
-
225
705
23,454 307 26,217
Unrestricted
Funds
25,786		 Restricted
Funds
431		 Prior Year
Total Funds
2019
£
-
Current year
Unrestricted
Funds
2020
£
18,238		 Current year
Restricted
Funds
2020
£
-
18,238 - -

27

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

29 Expenditure on charitable activities - Direct spending

Current Year
Total direct spending
B2a
Prior Year
Total direct spending
B2a
Staff costs - other
Special Events
Ladies Guild
Motor, travel and entertaining
Staff costs - other
Ladies Guild
Employers' NI - Charitable activities
Employers' NI - Charitable activities
Hale Minyan
Motor, travel and entertaining
Purim
Special Events
Hale Minyan
Purim
Gross Salaries and Self Employment - charitable activities
Defined contribution pension costs - charitable activities
Lulav, plaques and memorial stones, child/shabbat
Pre Barmitzvah Haftorah and books for presentation
Gross Salaries and Self Employment - charitable activities
Defined contribution pension costs - charitable activities
Lulav, plaques and memorial stones, child/shabbat
Pre Barmitzvah Haftorah and books for presentation		 Current year
Unrestricted
Funds
2020
£
116,472
1,595
1,236
2,482
255
677
10,319
2,218
4,736
-
232		 Current year
Restricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
-
(25)		 Current year
Total Funds
2020
£
116,472
1,595
1,236
2,482
255
677
10,319
2,218
4,736
-
207
140,197
Prior Year
Total Funds
2019
£
107,415
4,824
1,185
16,252
3,065
1,711
3,037
12,284
22,082
1,019
308
173,182		 Prior Year
Total Funds
2019
£
107,415
4,824
1,185
16,252
3,065
1,711
3,037
12,284
22,082
1,019
308
140,222 (25) 173,182
Prior Year
Unrestricted
Funds
2019
£
107,415
4,824
1,185
16,252
3,065
1,711
3,037
12,284
22,082
1,019
48		 Prior Year
Restricted
Funds
2019
£
-
-
-
-
-
-
260
172,922 260

28

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

30 Expenditure on charitable activities- Grant funding of activities

Current Year
Total grantmaking costs
B2c
Current Year
Federation of Jewish Services
Or Meir Bracha
Chai Cancer Care
Shabetai Levy
Camp Simcha
Kolel Chabad
Chabad Manchester University
HMD Llandudno
Langdon
Jewish Blind & Disabled
L'Chaim Foodbank
Prior Year
Total grantmaking costs
B2c
Breakdown of Grants made to organisations
Prior Year
Federation of Jewish Services
Or Meir Bracha
Chai Cancer Care
Shabetai Levy
Camp Simcha
King David School
Kolel Chabad
Chabad Manchester University
North Cheshire Jewish Primary School
HMD Llandudno
Langdon
Jewish Blind & Disabled
L'Chaim Foodbank
Yom Kippur Charity Giving
Yom Kippur Charity Giving
Breakdown of Grants made to organisations		 Current year
Unrestricted
Funds
2020
£
-		 Current year
Restricted
Funds
2020
£
10,500		 Current year
Prior Year
Total Funds
Total Funds
2020
2019
£
£
10,500
24,750
- 10,500 10,500
24,750
Current year
Unrestricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-		 Current year
Restricted
Funds
2020
£
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000		 Current year
Total Funds
2020
£
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
10,500
Prior Year
Total Funds
2019
£
24,750
24,750
Prior Year
Total Funds
2019
£
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
750
2,000
2,000
2,000
24,750
- 10,500
Prior Year
Unrestricted
Funds
2019
£
-		 Prior Year
Restricted
Funds
2019
£
24,750
- 24,750
Prior Year
Unrestricted
Funds
2019
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Restricted
Funds
2019
£
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
750
2,000
2,000
2,000
- 24,750

29

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

31 Support costs for charitable activities

31
Support costs for charitable activities		 31
Support costs for charitable activities
Current year
Current Year
Unrestricted
Funds
2020
£
Premises Expenses
11,096
31,304
6,202
45,240
77
27,036
8,749
7,116
Administrative overheads
4,714
3,750
1,740
-
5,070
5,973
2,771
Professional fees paid to advisors other than the auditor or examiner
2,030
1,207
Financial costs
70
1,607
Support costs before reallocation
165,752
Total support costs - Current Year
165,752
Bank charges
Accountancy fees other than examination
or audit fees
Legal fees
Stationery and printing
Postage
Cleaning (including laundry)
Kitchen expenses
Security
Insurance
Prayer books
Software licences and expenses
Telephone, fax and internet
Gardening
Premises repairs, renewals and maintenance
Light heat and power
Rates and water charges
Sundry expenses
Levies
Depreciation & Amortisation in total for the period		 Current year
Restricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
13
-		 Current year
Total Funds
2020
£
11,096
31,304
6,202
45,240
77
27,036
8,749
7,116
4,714
3,750
1,740
-
5,070
5,973
2,771
2,030
1,207
83
1,607		 Prior Year
Total Funds
2019
£
12,461
39,958
8,556
36,655
2,355
29,601
12,650
5,786
5,232
3,269
3,400
1,902
2,082
3,409
1,609
2,020
246
36
3,557
165,752 13 165,765
165,765		 174,784
165,752 13 174,784
-

All the expenditure in the prior year was unrestricted.

32 Other Expenditure - Governance costs

Current Year
Auditor's fees
Total Governance costs		 Current year
Unrestricted
Funds
2020
£
4,920		 Current year
Restricted
Funds
2020
£
-		 Current year
Total Funds
2020
£
4,920
4,920		 Prior Year
Total Funds
2019
£
4,920
4,920 - 4,920

All the expenditure in the prior year was unrestricted.

30

The Sephardi Congregation of South Manchester

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

33 Total Charitable expenditure
Current Year
Total direct spending
B2a
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
Prior Year
Total direct spending
B2a
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2020
£
140,222
-
165,752
4,920		 Current year
Restricted
Funds
2020
£
(25)
10,500
13
-		 Current year
Total Funds
2020
£
140,197
10,500
165,765
4,920
321,382
Prior Year
Total Funds
2019
£
173,182
24,750
174,784
4,920		 Prior Year
Total Funds
2019
£
173,182
24,750
174,784
4,920
310,894 10,488 377,636
Prior Year
Unrestricted
Funds
2019
£
172,922
-
174,784
4,920		 Prior Year
Restricted
Funds
2019
£
260
24,750
-
-
352,626 25,010 377,636

31